Which has the lower trailing P/E, FRT or TRNO?

TRNO has the lower trailing P/E: FRT trades at 21.36 and TRNO at 17.56. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FRT or TRNO?

Over the past five years, TRNO grew revenue faster — FRT at a 8.77% CAGR versus TRNO at 20.57%.

Does FRT or TRNO pay a bigger dividend?

FRT yields 3.64% and TRNO yields 2.90% based on trailing dividends and the latest price.

Is FRT or TRNO more profitable?

TRNO runs the higher net margin — FRT at 32.66% versus TRNO at 86.52%.

How have FRT and TRNO total returns compared?

Over the past 10 years, FRT delivered 0.73% and TRNO delivered 12.80% annualized total return. Past performance doesn't predict future results.

Federal Realty Investment Trust (FRT) vs Terreno Realty Corporation (TRNO)

A side-by-side comparison of Federal Realty Investment Trust and Terreno Realty Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 31, 2026. Differences are shown without an overall score or investment verdict.

FRT

Federal Realty Investment Trust

$10.72B

$124.09Real EstateDelayed quote: Jul 31, 2026, 4:00 PM EDT

TRNO

Terreno Realty Corporation

$7.62B

$71.65Real EstateAt close: Jul 31, 2026, 4:00 PM ET

Total return — FRT vs TRNO

growth of $100 · dividends reinvested · last 16y

FRT +234.7%TRNO +484.7%TRNO compounded faster

FRT TRNO

FRT vs TRNO: by the numbers

•FRT is the larger company ($10.72B vs $7.62B market cap).
•TRNO trades at the lower trailing earnings multiple (17.56 vs 21.36 P/E), one valuation lens rather than an overall verdict.
•TRNO converts more revenue to profit (86.52% vs 32.66% net margin).
•TRNO grew revenue faster over the past five years (20.57% vs 8.77% CAGR).
•FRT pays the higher dividend yield (3.64% vs 2.90%).

Metrics side by side

Valuation

Metric	FRT	TRNO
P/E ratio	21.36	17.56
Forward P/E	30.98	36.81
P/S ratio	8.20	15.37
P/B ratio	3.25	1.76
PEG ratio	0.53	0.14
EV / EBITDA	16.83	26.24

Profitability

Metric	FRT	TRNO
Gross margin	9.73%	75.84%
Operating margin	36.03%	40.81%
Net margin	32.66%	86.52%
ROE	12.96%	9.88%
ROIC	5.84%	3.80%

Dividends

Metric	FRT	TRNO
Dividend yield	3.64%	2.90%
Payout ratio	94.36%	52.93%

Growth (annualized)

Metric	FRT	TRNO
Revenue CAGR (5Y)	8.77%	20.57%
EPS CAGR (5Y)	24.22%	35.52%
Total return CAGR (5Y)	5.43%	3.88%

Frequently asked

Which has the lower trailing P/E, FRT or TRNO?: TRNO has the lower trailing P/E: FRT trades at 21.36 and TRNO at 17.56. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FRT or TRNO?: Over the past five years, TRNO grew revenue faster — FRT at a 8.77% CAGR versus TRNO at 20.57%.
Does FRT or TRNO pay a bigger dividend?: FRT yields 3.64% and TRNO yields 2.90% based on trailing dividends and the latest price.
Is FRT or TRNO more profitable?: TRNO runs the higher net margin — FRT at 32.66% versus TRNO at 86.52%.
How have FRT and TRNO total returns compared?: Over the past 10 years, FRT delivered 0.73% and TRNO delivered 12.80% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FRT analysis Full TRNO analysis Interactive comparison tool

Dig into the metrics

Federal Realty Investment P/E ratio Terreno Realty P/E ratio Federal Realty Investment dividend yield Terreno Realty dividend yield Federal Realty Investment ROE Terreno Realty ROE Federal Realty Investment operating margin Terreno Realty operating margin Federal Realty Investment revenue growth Terreno Realty revenue growth Federal Realty Investment free cash flow Terreno Realty free cash flow

Federal Realty Investment & Terreno Realty appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 31, 2026.